DeFi users deposit $100 million in stablecoins into Ethereum's latest yield farm

The launch garnered much attention in the DeFi space as the project recently received investments from some top venture funds and innovators within the space.

Barnbridge launched with over $100 million in total value locked.

On Sunday evening, the first liquidity mining pool of Barnbridge launched.

Barnbridge is a decentralized tokenized risk protocol that is attempting to use Ethereum-based derivatives and bonds to further financialize the cryptocurrency space.

Barnbridge will be governed by a native token called BOND. The mining pool that consisted of deposits of USD Coin, DAI, and sUSD began to accumulate millions of dollars before its launch.

This makes Barnbridge one of the largest liquidity mining schemes in Ethereum DeFi history.

Barnbridge is a tokenized risk protocol that has been funded by top investors in the space.

The "Explain it like I'm five" explanation is that Barnbridge is a protocol that allows DeFi users to hedge risks in their investments and yield farms.

Barnbridge is a product that should help draw in larger institutional players that are seeking to build a risk-adjusted allocation to crypto-assets and DeFi yield farms.

What's interesting is that Barnbridge will be "Platform and asset agnostic," meaning that it may be able to serve DeFi users on Polkadot and may even provide tokenized risk opportunities for synthetic "Real world" assets like equities and real estate.